Chicago Daily Tribune Newspaper, September 24, 1873, Page 1

The dhi VOLUME 27. CHICAGO, WEDNESDAY, SEPTEMBER 24, 1873. agn Dailpy Teibane, NUMBER 34. INSURANOE. CHICAGO EXPOSITION. Insurance Company| INTER-STATE NORTH AMERICA, (Tndustrial Exposition OF PINLADELPHIA, ORGANIZED A, D, 1i, Cash Assets - - - $3,276,738.91 SPRINGFIELD FIRE AND HARINE INSURANCE COMPY OF MASS. Capital & Surplus $1,070,742.01 ROVAL IS, €0, OF LIVERPOOL. Assets - - - - - $12,105,855.70 Losses Paid by Above Companies amount to over Fifty Million Doliars. C.H. CASE, Agomt andcd Managery 160 Washington-st. GIFT CONCERT. Grandest Scheme Ever Known, Tomrtl Grand G Coneant TOR THE BENEFIT OF TR PUBLI LIBRARY OF KENTUCKY. 12,000 Cash Gifts, $1,500,000, $S2T0,000 foxr HBTO. Thio Fouth Grand Gift Concort antliortzed by spsctal act of {hio Leglslaiuro for iy bunofit of tho Publfo Lilira- 1y of Kentuoky will tako place in Publlo Library Hall, at Louisvillo, Ky, ‘Wednesday, December 3, 1873, Only eixty thousand tickets will bo sold, Tho tickots arg disidod fnto teu cotpons o paris. t tlls Cuncert, whicl will bo o grandest musical, o unprecedentod display over wituesiod i this Gountry, suni o $1,5600,000, Disided Into 12,000 cash glfts, will bo dlatributed by lot mwong the tekoi-holders. LIST OF GIFTS. % .8250,000 . 100,000 Al 1 1 RAND CASL . 50,000 ONE GRAND CASH GIET, 25,000 ONE GRAND CASIE G1FT 17,600 10 Casl Gy, 810,000 ench 100,000 380 Cush Gilts, 5,000 cach, 160,000 50 Cash Gitts, 1,000 ench. 50,000 80 Cash Gilly, G500 ench.... 40,000 i 400 ench.. 40,000 11,000 Onsh Gifty, Totul, 12,000 Gifts, ALL, CASIT, amounting to, 81,500,000 The distribution will bo poritive whethor nll tho tickots aro rold or not, and the 13,L00 gifts ail paid in proportion 1o the tickots sold, PRICE OF TICKETS. Wholo Tickets, £0.00; alves, £25,005 Tenths, or oach coupon, #5105 Llevon 'Wholo Tiokots’ for $600.00: 22§ Fokeny 0: 113 Wholo Tickols for ; 27 W 10,000,00, No discount o than ) worth ol kois ut o timo, hony Tondy for snfc, aud all ordors aceompanted by thio amanoy prptly flied. Liboral terms givon to thosa who buy Lo sell agalu. TIOS. E. BRAMLETTE, Agent Pabl, Tabe. Kv. nnd 8 Gt Concort, e D Feivaey Duning, Loutsitlor Ky. Wolidoun s Chitcha and urdors will have to bosont dirvel iy homo offiso'at Loulksille, V/ATCHES, > YN LB nnnnsrnnnne 1 ] 9 Union-square, New York, 10 Grand Quai, Geneva, In addition to thair usunl stock of SUPERIOR STEM. WINDERS, oifer a full assortment of COMPLIOATED WATCHES, COMPRISING CHRONOGRAPIS, MARKING FIFTH BECONDS CHRONOGRAPIS, WITHSPLIT SECONDS. CHRONOGRAPHS, WITH SPLIT AND INDE. PENDENT FIFTIL SECONDS. REPEATERS, STRIKING HOURS AND QUAR- TIRS. REPEATERS, STRIKING HOURS AND FIVE iS, STRIKING FOURS AND MIN- ACTING REPEATERS, D QUARTERS. CALENDAR WATOIIES, BHOWING DAY OF WEEK AND MONTH, AND QHANGES OF THE MOON. BTRIKING VELVET RIBBON:! Black Velvet Ribbons Fagle A, S, Brand, PASSAVANT & CO., SOLE AGENTS, 222 & 2241 Church-st,, N. Y. WANTED. e | ANTED--AGENTH--FIOM 875)| to 20 por month, everywhero, to sell one) of the most usoful artiolos over inventod| i | nnodud fu ovory family, Sond for Clrea| lar. Address, gycomp s co., || f 157 State-at., Curoaqo, Il WY AN T ERID. An old-cstablished Life Insurance Com= pany will pay a modorate salary to oneor iwo men of unexceptionablo character to soligit basinoss in this city, Addrosr SOLIC- 1TOR, Tribuno oftloe. A. M, Cox hias this day bought out tho intorest of An- @row Molorn, of tho firm of Davle, Molarn & Co,, wood sud willow ware deslurs, dolug businuss st 91 Bonth ator-st, Tho businoss will bo continued undor the firm pame of DAVIS, COX & CO. (110460, Hopt T, 1878, The eopartuorship horotafors known as D, 8. Whitten- futig 0f Do B Wh 0. Van- B o St T Ty dissalvod And i Yocan s with and againet satd firm wuat bo sotiled by D Bo WHITTENIALD, 60 Stato-at. ? Clidogo, Bopts 33 J8id. OF CHICAGO. Grand Formal Opening Thursday Evening, Sept. 25, 1873, The Executive Committeo have the pleasure to announce the com- plotion of all preparatory arrango- ments for the First Annuel Exhibi- tion of tho Inter-State Industrial Exposition of Chicago. The building, which is the largest and best structuro of its class on this continent, has beon flnished with the greatest care in all details, and the entries now made and mostly placed give undoubted assurance that, in variety, magnitude, interest, and value, the Exhibition itself will far excel any heretoforo hold in the new world. " The formal opening will take place in aocordance with the following PROGRAMME: POTTER PALMER, Haq., Prosident, in tho Ohair. MUBIO--National Aira. Ohiocago Exposition Grand March, com- posod for the ocoasion by Prof. Flodoard Hoffman. Addross and dolivory of the Building to the Board of Directors by the Chairman of tho Bxecutive Committee, . 8. Bouton, Bsq. Response and acceptance on behalf of the Board of Directors by Hon. W, ¥. Cool- baugh, Vice-Presidont, MUSIO--Festival Overturd, by Prof. Hoff- man, Addrosses of Welcome by Hon. L. I Bond, Mayor of Chicago, and Hia Excellon~ oy, John L. Bevoridge, Governor of Illinois. MUBSIC--Potpourri from Martha--Flotow. Address by Hon. John A, Logan, United States SBenator. MUBIC--National Potpourri--Heintcke. Addrans by Hon. Richard J, Oglesby, United Statos Sonator. MUBIO--Galop Welcomo--Fsuat, VAAS & HOFFMAN'S BAND, Composed of Forty Picces, and conducted by Prof, Flodoard Hoffman, will furnish tho Music for the Opening, and Daily during the ‘Exposition. TICKETS OF ADMISSIONEOR THE OPENTNG. ADULTS...... o 50 Conts CHILDREN..... sevsserseneenen 36 Conts ‘Entrance on Michigan-av., {fronting on Ad- amg-st. Exits, Michigan-av., near Monroo and Jackson-sts. Doors open ot 7. OFFICE OF THE EXPOSITION. Soptombor 24, 1813, TUntil the opening, Thursday Evon- ing, no person will be admitted to the Exposition Building except ex- hibitors and theoir employes neces- sarily employed in fitting up. JNO. P. REYNOLDS, Soc. . INTER-STATE LNDUGTIIAY Tispostrion or} 1110400, Sopt. 23, Btookholders falling to receiva tickots totho ‘‘oponing™ by mat), will bo supplied on application at the Sccretary’s offico, JOHN P, REYNOLDS, Sosretary. ‘WORSTEDS, EMBROIDERIES, &o. MEN'S CARDIGAN JACKETS, SHIRTS AND DRAWERS, YARNS AND HOSIERY, GLOVES AND MITTENS, Ladies’ Underwear and Fancy Goods. BURKITT, SUTTON & STANLEY, ‘Wholesale---117 Franklin-st. Retail---G8 State-st, BOOTS AND SHOES, LEXPORITION! Our case of Boots and Shoes for the Exposition will be on exhibition to-day at our storo, 50 & 52 EAST MADISON-ST., Bet, State-st. & Wabash-av. BULLOCK BROS, HOTEL. IRVING HOUSE, 148 & 160 Wabash-av,, Chicago, FirstClass Accommodations for 160 Guess Terms, $2.00 per Day. oM S i t L, OATLTIATLT, Proprietar, it L. OAIEIIA L N, Clurk, X, X T, Olork, onmorly of tha OIU'City ofel noar linots Contral, NITILIZ-S 43 0} INDUSTRIAL EXPOSITION, NOTICE T0 EXHIBITORS. Faxtonslon of tima untll 13 m. Thursday, when the Expo sitlon Bullding must bo cloared, 'The Buildiug will he lighted until 13 o'clock Wednesday night fur benefit of Kahibitors, JOUN Beo. ICE. ICE. ICE. Packers and Browers wanting largo quane titien o&!oo ro‘r mg “fi“"dxféu%fl%?‘:fi?fn’ can mako contracts at low i ng ab JAB, B, SMITH & JO.'8, 101 LisSallo-at, JEWELRY, EXPOSITION! We have just opened new styles in Gold, Coral and Amethyst Sets, Rings, and Buttons, at unusually low prices. N, MATSON & (0., STATE & NONROESTS BANK STATEMENT. Statement of the Condition OF TOR PRAIRIE STATE Loan and Trust Company, At the Close of Business, Sept. 19, 1873, RESOUROES. Time loans on real tato . 8362,000.12 127,830.80 Deriaen Collatarals Rovontio Stamps 00 e Ll ER o tional Banks 167,015,714 ORI Ktk ot S vat ue & 30,000.00 ool oty 60,000.00 U:;fi‘,j Stales boi t 6,486.50, 3 ————-$205,105.20 Fumiture and fixtures lmilud:!n safes, e 5,807,756 111,110.00 1,1;"; 51 2,813, LapimEs, SoUZ3183 Capltalstock paid in.... $150,000.00 ueplan fund.ronne 8 150000 Undividod cariiing A93IT6 e Qommerclal_dopoults. ... 1G5,928,01 i ki Savings duposits 0551,807.84 250 85 ertifiod aliccks,.. b8 §002,313.78 JAS. W. SCOVILLE, Pronident. A Sy AR e prontents Y iie, ' C U, B, 3 , ' Cashlor. 1, Chrintian B, Meyor, Cnehior of tho PralrioStato an and Trust Company, ‘do solemnly swoar that the above statemont ks frita to tha bast of my knowladgo aud CILRISTIAN B. MIEYER, U eliot, aaior. Kibsorlbed aud sworn to boforo o {his 23d'day of Sop- tomabor, 1o o O o Lol RIS T PAGH ry Pabllo. INANCIAL, an St & S, Bankers, First National Dank Building, sonihwest corner of Stale and Washinaton-s1s., Chicago, Doalers in Gold and Bilver Bullion, Bar, Loaf, Shoot, and Granulated Form for me- chanical purposes, Deposits roceived in eithor currency or coin, subject to check without notice, b B‘ix per cent intorest allowed on all daily nlancas. Chocks ux{:on us pass through tne Clearing- Houso, 0a if drawn upon any city banl. Interost oreditod, ond accounts-ourront rendered monthly. Ooin and Currency Drafts on New York. SAVINGS DEPARTMENT. McMULLEN BROTHERS, BANKBERS, NO. 105 WASHINGTON-ST. Wo allow iatorost on Snring and Timo Doposits at tho followlng rator 5 Per Cent per annum on nll deposits ro. mainlng threo montly 6 Ler YEII‘ pver unnuw on oll deposits roe muining six monthy, 7 Per Cent per annum on cortificates of de- Doait for ouo year. Per Cent per antum on certlficates of de= Dosit Tor two yeura or more. intorost. Ia} soconnts. Offion honrs from DA to A DL BOMUBLEN BROTIRS, KELLOG®, VOSWINEEL & 00, BANEKERS, 94 LA SALLE-ST,, CHICAGO, Dealora in U. 8, Bonds, Gold, Torolgn Cains, &o., draw Dll-s on London, Livorpool, Hdinturgh, Glaegow,” Dub. lin, Paris, Amaterdam, Irankfort, and pal citios of Europ $ konoral bankiug jotved on tlne and A. W. KELLOU all other 'prinef- oll pastaga tiokots and trausaot d collection business, ~Interest al- vings doposits, I 5 of N. W, Mut'l Lifs Ins; Co., Milwaukes: co-Presidont of Republio Lifa Ins; Go., Chicago, b VOSIWINKLL DORSELEN, Consul of the Neth- s Money to Loan Qn, flrsteelaas Oliongo proporty, st § and 10 por cont. ages. uy st ton purchate monty mortgaken, o 174 Lasa) .. PAPER HANGINGS. Paper Hangings, BEDDING, Window Shades, & Upholstery Goods, HILGER, JENKINS & FAXON', (Bucoessors to B. G L FAXON & C0), 107 STATE-ST., Four dnors south of Washington. _¥OR SALE, GLAZED AND COLORED PATEIER, Of all Kinde, at Wholosalo sud Rotall, CULVER, PAGE, HOYNE & (0, 118 and 120 Monroe-st., Chicago. 1“:1:“"1“'1“:’ llmg‘ 'I rlrom 85 Al nds snusunition, Bhel A ILLIAMBON, GRAY & CO., Wi L3 Wnsh Madioaata. MILLINERY. GRAND FALL OPENING MILLINERY GOODS, FLOWERS, FEATHERS, - LACES, ORNAMENTS, STRAW, FELT, AND VELVET Hats and Bonnets Will bo on oxhibition at Hewos & Proscott’s, 258 Wabash-av., on THURSDAY, FRIDAY, and SAT- URDAY next., Ladies should malko a noto of this as ono of tho evonts of tho season, and bear in mind that this is tho ONLY HOUSE in tho city whore MILLINERY GOODS ARE FETAILED AT WHOLESALE PRICES, A Genorsal Invitation is extonded to all, FALL STYLES. ‘Wo are now prepared to offer to the Trade the most complete stock of New Styles in MILLINERY, PATTERN HATS, &c., ever dis- played in this city. D. WEBSTER, 270 & 272 Wabash-av, All orders trom the country will befilled at the lowest market val- ues, DEPOSIT VADLTS, 43, 145 & 147 Randolph-st. For absolute security, place your Money, Bonds, Voluable Papers, and other veluables 1n the VAULTS of the FIDELITY SAVINGS BANK AND Safe Depository. The Bafo Doposit Vaults of thia Institution aro tho strongest in tho world, being built of Heavy Masonry, ond lined with Hardened Stoel Platos and Burglar Motal of 1mmonso thicknoss, o single door weighing four tons. Thoso VAULTS withstood successfully tho gront CHIOAGO FIRE, and aro guarded by armod mon day and night. O. HAINES, Prosidont. MUSICAL, HALLETT, DAVIS & C0.S PIANOS. SEVENTY-FIVE f ! e Toy TRAY BN promlume amard 6,000 avo b sannfactarod and a Li 20, now (n Fran: t, first of lising Planls dmirable instrument over made, Planos, b W. W. KIMBALL, STATE AND ADAMS-STS, A larg lgans to Partios nnm'n5 to pay by lustallments can) ba acoommodated, ortment of new Planos axd Os REAL ESTATE, 2o NORTH EVANSTON, Beautiful Grove Lots 50 feot by 190 feot, for $800 and #800, on Monthly or Annual Payments, Theso Lotsare located convoniont to Depot, School, Stores, and Church, and are & safo and well paying investment, SAMUE], POLKEY, “%44 LoSalle-st. FOR SALE--GREAT BARGAIN. 364 foat on Bouth Py Vornon- oulevard, runnlog through to Yoy drty-sevonthest, In- % Doul 1 264 foot sonth of 'fll v JACOH Wi , & CO., Northuwast sornor of Doarburn and Matisdn. REMOVALS, REMOVAL. DR, T, W, BROPHY, Dentist, Has ramorod to N. W, qurnor of Stato and Madiso! MEETINGS, et Masonic, loago Ohapter, No, . Al M. o iy emoney eromna aih atonh o (e Taih i R S A WL By, Soorotary, Attention, Sir Knights. ngulnl conelavo of Bt, Bernard Commandory, No. 35, .+ 0,y thls (W Saloak. H B ardebas gVInnasg elonligy sb el b A FRESH START. Renewal of the Financial Excitement in Wall Street. Failure of the Great Banking-House of Henry Clews & Co. The Country Correspond= ents Draw for Over $200,000,000. Further Aid Promised by the National Government, The New York Danks o Issue $10,- 000,000 Boro Clearing-Ilouso Cortificates, Nine Miilions of Bonds Bought by the Treasury Since Friday, Suspension of Another Promi- nent Bank in Pittsburgh, Interesting Interviews with Pfomlnenl New York Bankers. Senator Morton and Ex-Secretary Mc- Culloch on the Situation. Construction of the Northern Pacifio Road Indefinitely Suspended. NEW YORK. Spectal Dispatch to The Chicago Tribune, THE CALM DEFONE THE BTONM, New Yonr, Sopt, 20.—Wall street was quict this morning, but it was the calm that invariably precedes astorm, Thero wero mo crowds in tho street, no nolse, none of tho confuslon which s erved, in tho two or threo days past, to aceelerato and increaso tho panfo§ but, underncath this apparont meourity, thero ‘was lurking o great danger, which may yot preelpitate universal disastor, Men went to bed Tast night cou- fdent that tho worst was over 3 they roso this moruing confident in thelr socurity, Tho latest forelgn nd- vices helped fo Increaso this confidence, for thoy spoko of no failurcs, though somo distrist, nnd an casy market. All rojolced to know that the London markot was flrmor, American soourities undamagod, and that, whilo dealings on tho Parls and Frankfort bourses wero lmited, rates wero oucouraging, Tho confidenco of tho Olearing-Houso Commltteo had inspired CONFIDENCE EVERYWIERE, en felt that only rotten concerns must go by tho oard, and there was nolther sympathy for theso nor fenr for the conscquenca of their suspension. It was known early that §10,000,000 of loan socurity, fssued by tho Clearing-Houso, hind beon absorbed ; but it was olso known that tho Commitioo was ready to fesuo larger smounts i required, Sl the inefTactivencss of $10,000,000, which soonbecame apparent, served nt first to dopress tho stroot and Influenco tho markot dleastrously. Btock quotationn in the strest wero better in overy instance than thoy had been on tho clogo of Saturday's operations on tho Exchange, and, fudeed, bettor than thoy wore when the great breal began on Friduy morne ing, but still thoy wore notso Lighas poople had an- telpated and tho bulls had hoped, Savinga bauks ofliclals were in good spirits, aud fow runs wero roportod. The largest saviugs banks had pald out only insignificant omounts, Soveral strong savings banka had ovon declined to tako advantago of tho clause in tholr chartor which allows them to re- fueo payment of drafts on tholr fnstitutions, oxcopt after slxty days® notice. In the Gold Room, the prico for gold was placed at 11, a rato much lowor thon waa ozpected to bo estabe lirhed, and sottiomonts wero oasy, Louns, Lowever) woro flat, Tho Btock Exchaugo rematued closed, and {hia indication of comnion senso on tho part of the brokors was most oncouraging. There Wero many otlier elrcumstances thint tonded to mako tho morning ‘Dright and chicerful, and tho prospect encouraging. eports trom tho Union Trust Company wero much more favorablo, It was assorted that tho suspeu- sion lhad been necdless, nnd tho Directors woro donounced 88 &cneoless, But tho Tl ooiver stated, whorovor ho could bLo hoard and heeded, that overything good could bo safd of the rust Company, sid ihat all that was favorably sald of 4t would bo fulfilod, Stock-brokera were much rolfovod by Jay Gould's aottlement, through his brokors of 5,000 shares ofstock at reasonable rates, which bankrupted nobody, and relloved overybody, THE BRILS DECOME OVERCABT, Dut, whilo thoro wax all {his cheerful outstdoappear- ance of the crisla which had secmed to bo impending, and encouraged pouple to hopo that the panto waa ovor thero were oventa occrrzing thot showed how futile was tho wisk, Earlyin tho morning, ropors of tho suspension of banke began to come in from all parts of thocouatry. This nows did mot reach tho genoral public untll the afterncon, but hankers and brokers woro early advisad of and warned by it. THE COUNTRY DANES ALARMED, 1t 13 known that every country bank with a balance toita credit in Now ¥ork made drafts for it, 80 that the total sggregato country demand was $300,000,000, Buch & domand was unprecedented, and not to be mot, Upon many bankers thorun was instantly snd so- crotly begun, Thocrowda in tho strecot were dolng nothing to avert the impending disastor, ssylng nothing of that which was undermining and deatroy- ing many of {he largest and best known banks in the alty, . TENRY OLEWS & €O, IN DANGER, Towards noon it became whispored that o run was belng mado upon Honry Olows & Co, ‘Tho concern is ome of thosa political combinations that have fthrived, a8 Jay Oooka aid several yoars ago, upon tho favors of Govorament, Cooko & Oo, wero consumed, during war timos, with fncalculable patriotiem for their conutry ; thelr capital waa furnislied them from tho aroused people, Who were only too glad to pour {holr wealth into the publio Tressury andsavo the country, MHenry Olaws & Co. buve endeavored to achiove, In times of poace, siic- ceas simllar to that gatued by Cooke & Co, durlug war times, TIEIR NUIN EXCITER LITTLE SYMPATHY, Thoy hiave at laat heen ovorcome, &nd thoro Is very littlo sympalby felt for them fn their fall, 'Tho run ou the Compnany was not made kuown fo the publio until about 2:40 p, m., when tiedeoru of tho bank woro suddenly closed in tho facen of tho crowd without, NOW OOVERNMENT MELPED OLEWS, Olews Lind Ueen sustaiued thraugh the {erriblo runs of ¥riday and Baturday by Government, 1lo Lad the plokings, aud, you moy add,the stealings, on Saturday, whon tho purchaso of & million of londs began, Tho greonbacks which Auguatus Scholl begged for at noon of Baturday, Honry Olows had ut 10 o%clock on the samo day, sud Tressury grconbacks, atill in Troasury packages, were piled up in biw ofiico o sustain the de- ‘mand which woro Leing mado upon him. But tho agl- tation and tho pressurs brought to bear upon tho Prosts dent and Hoprotary Bichardaon foroed s basign, don Olewn in the midst of his troublo, and thisaftor- noon ho succumbed, 1t {s annerted that Olows pald out during the morne Ing nearly $1,000,000 on domand, and then went about tho “atrect” with mercautilo paper endeavoring to raiso moro funds, Dut no man knows how his follow- merchaut stands, and the offer to pay 2 per cent s day 130 por cent o year—for loans upon good mercantile paper wero laughod t, QLEWS COULD NEALIZE NOTHING on doubtful railway securitica which ho held, nor any- bing upon worthlcss Georgln bonds, which he hina led Jothern fnto taldng, and for which ho wan stuck about $1,000,000. 1fo falled in ovory logitimato effort to rafse monoy, and being without hopo of further aid from thio Govoroment, JE OLOSED MIS DOORS athalf past2o'clock, and went down unregrofted, except by hig nofsy nesocintes and tellow epeculators, Tho reault of thoauspeusion of such o houso conld not but bo dopresing. Al ppear as oxe ciled fonight as thoy . woro on Saturday aud Sunday, Tlero Ia endleas chnfuelon, wild specu- Jatlon, absurd proposals, loud threateulngs, ominons prophieales, These indicato tho clamor at tho Fifth Aventio Hote! this evoning, where tho wholo city soems cangregated in condonned, compreancd, confused ngita Uon, Tho prospects for tho morning nro gloomy cuough, Thero fs depresslon overywhero; and yob it caunot bo ald that tho actunl Aunnctal situation in Now York warrants this doprossion of tho public, A¥TER TIE FAILUNE OF OLEWS wns announced, the clty wan flooded withs great many rumors, involving tho creditof such men as Opdyke, Vermilye, Howe, and Moy, and others who aro bollovod tobe enbatantial and somud, Tat thoy hiavo been hard presscd, thoro fa litls doubt ; that thoy will go undor, s not Volloved ; but that to-morroy alono can docido, This sums up tho situction o far a8 knov: ANOTIER DISPATCIL, &pectal Diepatch to The Chicago T'ridune, 11, M'CULLOCH INTERVIEWED, Nr:w Yonr, Sopt. 20,—Ex-Sccretary of tho Treasury Hugh McOulloch, n member of {ho London firm of Jay Cooko, MeCulloch & Co., wan quectioned yestorday rolative to tho report that tho fiscal agoncy of tho Navy Department in Europo had been removed from tho houss of which ho wis » mombor, Ho roplicd that thoro wos Do truth in fho rumor, In rcaponse to ftho lnquiry whother or not tho London house was affectod by tho panfo hers, ho sald advices woro of & moat cheorfuj chiaracter, Whon holeft London thero wasno sue- pleton that a financhal rovulsion was fmminent, Thero seomed to bo moro dlsposition topractico oconomy on tho part of Amoricsns, Orops sre sbundant; thore i3 & demand for them sbrond of good prices ; ond trado fa prosperous. Undor theso circumslances thero was no ground whatovor for ox= pecting n dlsturbanco in flunncial matters, Mad ho nupposcd there was & likelihood of such o contingen- cy, ho would havo romafncd o London to attend to tho businesa of tho Liouso thero, Ifo rocoived THE FINST INTIMATION of any disturbance when tho steamor reached Quar- antine, on Monday. 1fohad scarcely recovered from tho stunning effect of tho unexpected nows, He was naked whethor ho thought tho present panio would bo- como wide-bproad ond sorlously affoct the mor- canillo, as - well ns financlal, community, Mr. McCulloch roplied that ho could oo no reason why it should, Tho country was in good condition—if good crops and good prices for them could bo taken as & criterion, Financlal panics wero always senseleas, That of 1857, which causod such wido-spread ruim, ond for a timo brought busi- ness to a complole stand-still, began with the failro of the Ohlo Life & Trust Company. Thero wss no monoy to be had, and 08 » result thorowas o goneral suspension, Willlam Lucos, ono of tho richest men in 8t Louls, worth 4,000,000 or $5,000,000, faflod Decauss ho could not ralso $100,000. When tho panfo subsided, it wos found that thestro was nctunlly no Teason for it, S0 it would probably bo fu this in- stanco. Niserything dependod upon TIE MAINTENANOE OF CONFIDENCE, Tho great troublo was thnt, in times liko tho prescat, mon becamo frightened, and hold on o all the svaila- Blo funds thoy posscsaed, In tho present instance, the community was alarmed by tho failure of Kenyon, Cox & Co. and tho Warchouso and Beeurity Company, sud becamo distrustful of those houges and banke whoso resources and credit wero amplo to meet ordinary requiroments of busi- ness, or even to wilhstand o coneiderable run. Each ono endeavored to prepare for tho coming storm, and o this woy precipitated tho panio which was now faxing the cmergoncles of Aunuclers, Ho could eeo 1o rexson for it oxtending to tho mer- cantllo community, and disturbing and disarranging commeteo, 1o couneeled confdenco in tho resources of tho country and in the ability of tho greator portion of tho mereantilo community to pay ita Habilitics, Distrust and suspiclon would sggravato and oxtend calamity which could bo avolded if the community scted witely and discrectly, AORE CONCERNING TUE JAY COOLE FATLURE, F. 0, French, who has beon appointed attornoy in fact, to represent tho house of Jay Cooke, McCuiloch & Co,, In {lis city, ponding the nrrangement of Jay Cooko & Cos businers, stated yesterday that tho report of Joy Cooko & Co'o assote, sud linbilities was not yot fnlshed, “Who examination into accounts wus going forward us rapldly s possible, and a statoment would ba mada public fn o fow duys at farthest, Tho question of resumption would also &oon bo sottled, AT THE FUD-TREASURY, United Btates 5-20s wero purchasod at tho Sub- "Froasury yestorday to the nmount of $205,200, Bonds were redcomed to tho value of $7,000, and §52,000 wero pald for interest. Tho banks drew on their greonback rescrvo, ond presented cortificates for redemption to tho wvaluo of $1,230,000, Thioro was & erowd at no tmo during tho day,snd Gen, Hitlhouso satd $20,000,000 could have been paid out If it had been demanded, Ile again declined to furnish tho names of sollers of Londs for publication, Tho purchases for threo days havoe amount- el fo 9,271,350, Thero s o marked differonco botweon bauks dolng business for brokers aud thoso transacting sirlotly mercantilo busincss, Monoy was ecarce overywhere, and discounta could not readily bo obtained, The beat commereial papur was offerad at 3 per cent o day, but tho monoy could not bebind, W. K. Kitchen, PRESIDENT OF THE PABK DANK, told a roporter that calls on the Lank wers mot very great from the clty, as they paid largo amounts only on certificd checks from tho Cloaring-House, snd tho demand for loans was not so largo as ouo might supposo, Tho demand from country banks, how- over, was simply enormous, aud could not Lo mot, Tho deposits in city bauks belongiug to country bauks probably amounted to $200,000,000, which could not bo ratsod in an hour, Danks Lavew't got it, They ought to havo taken on Baturday the action thoy toak on Mondsay, and it was & great mistako that thoy failed todoso, 'To o customer, who called for a loan, the President snid, “ Wo will et you havo tho monoy s 80on o8 wo canj send around to your custoniors, and make them pay up. This {s a good timo to collect money,” azo, 1., cok, Prostdent of the Amerlcan Exchange Dank, safd that Liis institutlon was not & Lrokers' bauk, and dowmunds for loana from {ho morchants were uot greater thau unnal, Tho commnorcial world was not affocted in tho lonat, 08 yot § and ho aaw no reason why they nced be, The outl-of-town demund for money in always large at thie seamon of iho yeer, but larger now fhen usual, during tho panfe. Thelr do posits oro muall fn proportion to their capital, and thoy aro meeting domands from all comers, e looked upon tho troublo as n stock-brokers’ affalr, which need not troublo outalidors, Bfock-gamblara, he sold, wero drawlng money from the bunks, aud stood ready with 4t in thelr packets to buy up stocks, when- ever they could put thom down low enough, JONN E, WILLIAME Prealdont of tho Motropolitan Dank, fold a reporter that they did a strlctly commercial busincer, and wero not affocted fn auy way by tho panio, Thoro wran groat demand from out of town for monoy with which to movo tho crops, That was tho causo of tho trouble, 4our wealth in graln mudo us pour fn ewrroucy ; and, whon Jny Oooke's feflure croated n sud- don call for momoy u Wall strect, it wasn't in tho olly, Tho whoat crop wau never so large, nor tho forelzn domand 8o good, Kvery ono was In urey to got his crop to soa, aud his bank sent $100,000 » duy for fivo or &4z wooks, Tho domand bnd somo- what fucreased, und somg of {ho country bankers had gouo wild, One R was in, o day or two ago, who had $10000 un depostt and $40,000 in greoubacks In his pockot ; and stili ho wonted 10 gut & diacount, Br, Willlma told Bim to gohome, aud cool off, Thio uationsl cusroucy, ho sald, Ia all out of the clly, Thore {snot probably more than one niilion, aud porhape nel more than Lal- » miltion, in tho banks, If thoy had all been paying ou¥ gold, thoy would liave been compolled to suspend.’ Great troublo was causod by largo amounts of worthe less ratlrond Londs oud stocka in tho markot, AT TNE TOURTIT NATIONAL the aspect of things hnd greatly changed aluce Mone dny. Thero were fow persons at tho paying-toller's desk, Lt thoro was a long lino of dopositors at the window of tho recelving-teler, reaching half around the bank, At 3 o'clock tho lino Lied nol beon shorte enod, and bolf an Lour lator 1t was unchangod, [0 the Assoctated Press,) Nrw Yonx, Sept. 20.—~Up to 2 o'clock this afternoon. tho monolary situation might hnve been summed up 1n o seutonco, * Confdoncs i8 rostorod.” Tho Lunke wera conilnicting business aa usual ; but Just as the streot was bogiuning {o fecl that thoend of tho pania hiad been reached, 1ho painful rumor atarted, ot twouty minutes to 3 o'clock, that tlio houso of , HENRY OLEWS & CO, JTAD SUSPENDED, An boon as tho announcement was mado thal the doors of {110 bauking-houso wero cloaad, large crowd col« Tected in front af tho building, Tho word that their chocks woro rofusod payment at the Tourlh Nntional Bank roached tho bankiug-houso about linif past 2 o'elock, and tho closing of its doors followod tha' onuouncoment, It Is stated thnt an arrangement will Lo mado by which an early resmuption wil be offected, s thera nro ubundant soruritlos in possersion of tho house, Immediately after the closing of tha doore, & number of prominont eapltalisls wero cagerly seckdng Mr, Clows, who was not in his oftice, and ARSINTANOE TO PULL TIHOUGI the dny‘would undoubtedly liave beon glvon bad there Deen any suspiclon that the Bank would refuso the paymont of Lenry Olewa & Co,'s chocks, Tho fact of tho muspension created an much oxciles ment ag tho suspenston of Juy Cooko & Co, Tho newn Teft thostreet, nt tho closo of buniness, in a condition of groat cxcltemont, aud the headway made in restor." ing confidonco wan in n great measurolost, Tho run on the savings bauks continued to-day. buts s most of them adopted tho time-rulo for paying des oaltors, tho excitement soon subsided, Whenever o caso of necossity transpiros, or that persons wishing' to draw require a fow bundred doliars “ YOR DUBINESS 1URTOSES," #ho banka nccommodato thom, but, whero excitoment causea tho withdrawal, thobanka do not oblige, A$ Bomo of tho banks, tho oficers say that tho enforcu- ment of tho time-rulo regarding tho drewing of des posits was demanded by thelr largest depositors ; and,’ in ono case, it was adopted in deferencoto such Augs gestionn, Sovoral of tho Inrgest banks aro paying ail demands without regard to amount, Somo of thopoor people of Brooklyn beeame alarmed regarding their monoy In various savings banks, and drew it out, Ouly ono Louk fook advantago of the time-rule, tho others paying as usual. 'The run was not heavy, A NEWSPATER OMINION, Tho Postsays: *The banks have gono turough the panic 6o far all right, It must bo romembered, how- over, that sjnco Saturday tho buetncss of tho bauks has beon slmply with morchants, the active accounts of; Stock-Excliauge firms having, by reason of tho closing up of the Exchango, beon susponded, ‘Theso firm probably hovo at least 600 accounts with banks, Frie day's and Baturday’s busineen at tho Stock-Exchange has aiillto bo settled, Bhiould tho Fxchango open, monoy-lenders who havo faled to got respouses on Toans callod, might rush fn and forco sales ¢ under tho ralo, which would throw overything into panie ngain and injure tho bouks, To provont such a stalo of affairs, it has beon recommonded that the Governing Committes appofut & sub-commitico to-morrow to prescribo regulations by which mettlements may bo mado bofore tho Dxchanga is opeued, Itistho duty, ot tho present thno, of )l londers and borrowers to {reat parlies to contracts with as muck lberality and forbearance na s conelstent, without abe solutely sacrificing legal rights, Thers will undoubts edly bo found a merciless class, who will demand thols pound of flesh, with or without blood ; but 1t is for {ho Interest of il that concesslon should bo mode for tho public gooil, which now emphatielly mosns the good of individuals, Wo trust that tho Comumlttes will act prompily on this suggestion,” THE WHEREWITHAL TO PURCIIASK JONDS, Asoiutant-Trensurer Hillhouso received from Washe ington this morning $20,000,000 in greenbacke, to pre. vent the possibility of his buing ombarrassed in the ‘purchinco of bonds, AAYOR HAVEMETER ON THE CRISHS, This afternoon Mayor Luvemeyer, nfter consultation with several gentlemen, decided 1o fsauc an address on {hio prescnt financinlcrisis, and to transmit it to & epe- ciol meoting of the ourd of Aldermen which wae called for to-day, When usked what his views were about the panic, {hio Mayor said ho had intended to - vin the workingmen and Iaborers of tho eity nobto con. tinue tho run on the various savings Lanke, as lio fell assured that that their deposits wero perfecily necuro, ond that & run during the present panfe might possl Diy Tesult in the loss of both tho principal aud interest of amonnts deposited, Tho Mayor further snid that in atime liko this any bank should bave timo to resls izo upon its ecoursties, 8o 28 to enablo 1t to maol thio demands of it dopositors, COMPARATIVE GUSTOMS BEGEIPTS, Tho offect of the vanic upon the importing business or tho withdrawing of goods from thio bonded wareliouss for the current demands of irado, Is hardly percoptible, as sliown by rocelpts of dutics, On tho17th, tho amount received ot thu tom-Tiousa _wad £22,158; on the 18th, $5 33,101 ; on tho 19th $22,- 059, on tho 20th, $378,350 ; on tho %24, $387,280, Mr, Bailoy, thie now Recelvor of TICE IANK OF THE COMMONWEALTH, was at tha bank to-day at an_carly hour, busity ongage el fn oxnmining sccounta, 1lo wtated (hat lio was nof us yot sufliciently familiar with its condition to givo au aceount of tho “property belonglug Lo tho bunk, ¢ wwas aatisfled, bowover, that depositors wero fully soc cured, Furtlior than this o could not say, TI1E LONDON HOUAE OF COOKE, Tho following privato dispatch 18 published : Loxox, So Meswrs, Juy Cooke, McCulloch & Co, aro throwing out drafts drawn by Messrs, Jay Cooke & Co,, ant which Jisve como to hund einco news of tho suspchaion wak received, THE UNION TRUST COMPANT, Further inquiry m relation to tho petition fn bank- ruptey against the Union Trust Compuuy hos clicited tho facts that Kendrick & Co,, brakers i Wall atrcet are tho petitioning creditors; 'that tho petition 1y base upon allegations that tho Company rofuesd to pay a check of the petitioners for $52,000ns far beck an tha 301h ult., on the ground that tho cheek had not heen thirough 'the Olearing-House, whon, in fact, tho Trust Compuny well kuow that it bad:’ and thad tho Trust Company had, by collusion with oflier, partfos endeavored in 'most unjustiflablojman~ ner to embarrass tho busincss of the ptitioucrs, It {ho petitionors suceoed in having their petition grant~ cd, on Assigneo iu Baukraptey will succeed the Iteceiv- or in cliargo of tho Compauy's assots, A Director of tho Unfon Trust Company eald to-day that Lo hud ng idea_when business would bo resumed, Attuelmonty Liad been isaucd against tho real und porsonal properly of Oharlos T, Carioton, tho missing Secrotary, and be though the Company irould not muffer to o vory rcad extent through bis oporatious, 1o bolleved the socus ritles held by tho Company were perfectly good. BALLS OF BOOL IKLAND SIALER, An evenlng puper_says during the last two days 4,600 shures of Rock Islind stock Liave been trausfer. rud to the namés of outsiders, who bave fuvented, the Jot ronging from 100 to 500 shares. If tho Txchange 18 kept closed o fow days thieso outeido purchases will afford smportant relief, 4OLD CLEABINGR, Oloarings at tho Gold Exchango Bauk to-day, $17,+ 150,000 WUMORED FAILURES, Tumors clroulated on Wall stroct this nfternoon that two prominent dry goods houses Liad fatlod, proved, on nvestigation, 1o ba cntirely without foundation, and were, doubiless, oirculated by apeoulators for the purposo of bulling gold, TUE DANK OF THE COMMONWEALTIL Mr. Meigs, Govornment Bauk Examinor, after the oxamiination of the affuirs of ihe Nutional Bank of the Commonwealth, oxpressos confidonco that dopositors will receive overy dollar duo them, Tho Presidont of tho bank states that thoro fs no futention of makin an attempt (o reauscitato tho bank, as 1t felt it coul nover be doue, L, P, Uayne & Co, have brought sult ngainst Georgo Ellis and tho officers of the Bank of tho Commonwealth for $40,000, Dlain. i allego that thoy pracured from tho bank a swall loan which e not yet matured, giving 6 seourity raflroad bonds to the smonut of $10,000, aud that on offeriug to tho bank tho amonnt of tu6 Joau and der manding tho scaurlties tey wero informed thint they Dnd boon_disposed of and the proceeds thrown ot tlio genoral asscts of tho bunk, Pl o S SENATOR MORTON INTERVIEWED. Special Dispateh to I'he’ Chicage Tribune, New Yon, Sopt, 23,—Sonator Morton remains in tho city, watching dovelopmonts in tho fnue clal situation with groat interest, o mald ta » roporler fthis evening, upon belng asksd whethor he had recelved an intimation of uny further actlon by the Preaidont for the 1wltiga« tion of the finsucial pange, that ho was not authorizad to speak for the Presilent, or to say that Lo wua prepured to do more than ho had done when Lu left town on Sundsy, lo had thought tho remedy adopted would bo suficient, 1f hoshonld becomo convineed that it was inadequate, and that tho panlo was sproading, the Senator thought he would do whalover ko could within tho law to end the panto, Sonator Roverdy Johnson was of the opinfon that THE PRESIDENT WAS NOT AUTHORIZED to tuke mouey from tho ‘Treasury and deposit it in Natlonal Bauke, Thore were wwo doubls about the legality of purchasing bonds not yob due, It was therefore diMcult to dovise a way of relleving th¢ [Continucd on the Kisttdy Pasal